Bill
Bill > HR2711
US HR2711
US HR2711To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.
summary
Introduced
04/20/2021
04/20/2021
In Committee
04/20/2021
04/20/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies.
AI Summary
This bill amends the Internal Revenue Code of 1986 to provide an exclusion from gross income for certain wastewater management subsidies. Specifically, it allows taxpayers to exclude from their taxable income any subsidies provided by state or local governments for the purchase or installation of wastewater management measures, such as septic tanks or cesspools, with respect to their principal residence. The bill also modifies the definition of "energy conservation measure" in the existing law to include "wastewater management measure." These changes would apply to amounts received after December 31, 2018.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Referred to the House Committee on Ways and Means. (on 04/20/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/2711/all-info |
| BillText | https://www.congress.gov/117/bills/hr2711/BILLS-117hr2711ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr2711/BILLS-117hr2711ih.pdf.pdf |
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